All Posts

Depending on your income, you may have to pay back the Advanced Premium Tax Credit.  The Advance premium tax credit (APTC) is a tax credit you can take in advance to lower your monthly health insurance payment (or “premium”). When you apply for coverage in the Health Insurance Marketplace, you estimate your expected income for the year. If you qualify for a premium tax credit based on your estimate, you can use any amount of the credit in advance to lower your premium.   If at the end of the year you’ve taken more premium tax credit in advance than you’re due based on your final income, you’ll have to pay back the excess when you file your federal tax return.   You do have the option to change the allocation to less than the 50%, but then your mother would have to change her percentage too (so the total of both of you is 100%), but this may result in her having to pay more tax back.  

Thanks, I will also try that.  I am having the exact same problem as described. Previous years, TurboTax worked better.  I think they are getting worse every year and living off their reputation.  Maybe TaxCut is better?

@Primaken wrote: Is there a version of turbo tax 192025 that will work on windows 10? No, the 2025 desktop versions of TurboTax only support Windows 11.   You can use Windows 10, of course, for an online version of TurboTax.

You will have to enter a 1099R showing the money you took from the retirement account.   The tax software will calculate whether you have had enough tax withheld during the year to get a refund or whether you owe more.

If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates".   Try going back to enter your Driver's License.  Navigate to the "File" tab on the left menu, and follow the steps before submitting your return. If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.

Go back through the FILE steps to change your options - you can remove it as long as you have not submitted the return or if it is in a rejected status.   If you already submitted it, you can remove it only if the return gets rejected.   When you go back through the steps, do not choose the 5DE option.  

There are several sections for Form 1099-R, depending on which kind of retirement income you are reporting.    Distributions from an IRA, or payments received from a pension have  Box 7 to list a distribution code.  Social Security statements do not have a box for a distribution code.    Please check and verify that you selected the correct section for the kind of 1099-R you have.  Sounds like you want  "IRA, 401(k), Pension Plan Withdrawals (1099-R)"   NOT SOCIAL SECURITY (SSA-1099, RRB-1099) 

When it rejects you should get an email with the reject code or message.   A common reason is for the wrong AGI.   Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time.  Especially if you mailed it.  That works for most people. See, https://ttlc.intuit.com/community/rejections/help/what-if-i-entered-the-correct-agi-and-i-m-still-getting-an-e-file-reject/00/27031 How to correct the AGI in the Online version https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311 If you can’t get it to efile you will have to print and mail it. https://ttlc.intuit.com/community/printing/help/how-do-i-print-and-mail-my-return-in-turbotax-online/00/26258 Be sure to attach copies of your W2s and any 1099s that have withholding on them.  You have to mail federal and state in separate envelopes because they go to different places.  Get a tracking number from the post office when you mail them for proof of filing.

No se puede depreciar su casa personal.  Tal vez se podra depreciar una porcion de su casa si tiene un negocio y usa parte de su casa para propositos de su negocio.  Si tiene propiedad que se esta rentando, esa propiedad tambien se puede depreciar.  Depreciacion solo aplica para propiedad que se usa para negocios, no uso personal.  Le comparto ligas que da mas informacion sobre depreciacion y como agregarlo en TurboTax:   ¿Dónde ingreso la deducción por el uso comercial del hogar para mi negocio? ¿Qué es depreciación? ¿Dónde ingreso el Formulario 4562? ¿Cómo manejo las mejoras de capital y la depreciación de mi alquiler?

I'm using the Turbo Tax Deluxe Desktop version, after the screen of my 1099-K summary, the income relates to ‘Personal Items’ I Click Done. After that, I do not see a screen that says "income and expenses," to scroll down to Investments and Savings (1099-B, 1099-K….) I see Wages & Income and Deductions & Credits. In Wages & Income, there is a section that says "Retirement and Investments" but nothing about 1099-K.  Can you please advise how to move forward considering my Capital loss for a personal item sale should be $0 capital gain on line 7 of the Federal 1040 tax return?   Thank you in advance. 

If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates". If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.

@ davidapy  If 0 (zero) does not work for both of your AGI and causes another rejection, there is one other option I'd try before mailing.  Since you mentioned "Spouse AGI" which is normally the same on a MFJ return, I would still try with using the total 2024 AGI for you and using 0 for the spouse.     Then you would have tried all 3 possibilities.   It can't hurt to try, is quick, and is immensely better than mailing.    Otherwise, please post the exact rejection error code and message.